Outward investment registration

Outward investment registration

According to clause 1 Article 61 Law on Investment 2014, when having a demand to change the contents of an outward investment project (outbound investment profect) which are related to the investor, location, objectives or scale of investment, investment capital, capital sources, investment schedule, investment incentives, or use of profits or project implementation, the investor shall submit a dossier for modification of outbound investment registration certificate (“Outbound investment registration”)

1. A dossier for modification of outbound investment registration certificate

According to clause 2 Article 61 Law on Investment 2014, the dossier for modification of outbound investment registration certificate includes:

  • A written request for modification of outbound investment registration certificate
  • A copy of ID card, Citizen Identification card or passport to investor who is an individuals; a copy of the Establishment registration certificate or other revalent documents affirming the legal status to investor who is an organization;
  • The report on the implementation of the investment project accounting to the time of submitting the dossier for modification of outbound investment registration certificate;
  • Decision on the modification of outbound investment project of agencies, organizations, individuals according to the regulations on the competence to decide outbound investment of Law on Investment 2014;
  • A copy of Outbound investment registration certificate
  • Document of tax agency affirming the implementation on the tax obigations accounting to the time of submitting the dossier in case adjusting to increase the outbound investment capital.

2. The procedures on the modification of Outbound investment registration certificate.

Step 1: Submitting a dossier for modification of Outbound investment registration certificate to the Department of Planning and Investment.

Step 2: the Department of Planning and Investment modifies Outbound investment registration certificate within 15 days from the day fully receiving the dossier regulating in clause 2 of this Article.

To the project must be  under the outbound investment decision, when modifying the outbound investment registration certificate, the Department of Planning and Invesment implements the procedure of deciding the outbound investment before modifying Outbound investment registration certificate  (Decree 83/2015/ND-CP)

In case the propose of the investor on the modification of Outbound investment registration certificate leading to that the investment project is under the outbound investment decision, the Department of Planning and Investment implements the procedures of outbound investment decision before modifying Outbound investment registration certificate.

Hnlaw & Partners Law Firm

Hotline: 0912.918.296

Email: tuvan.hnlaw@gmail.com

http://www.hnlaw.vn/en/investment-consultancy/

https://www.investopedia.com/terms/o/outward_direct_investment.asp

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